103 Pelican DrMelbourne BeachFL32951
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Melbourne Beach at 103 Pelican Dr, Melbourne Beach, FL, 32951 at $495,000 posts ROI 21.29% with $188/mo cash flow from $3,486/mo rent. Total monthly income equals $3,486/mo, and annual cash flow records $2,260/yr on $164,093 to close. Return on cash invested measures 21.29% and rental yield reads 8.45% at the current $495,000. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 by year five. Five-year ROI prints 110.86% and total cumulative return in cash totals $181,906.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,486/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
9,583 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32951, Melbourne Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 5,115 (71.0%) |
| Renter Occupied HU | 559 ( 7.8%) |
| Vacant Housing Units | 1,527 (21.2%) |
| Median Home Value | $609,081 |
| Average Home Value | $720,236 |
Housing Distribution
Address Breakdown
Residential
6,285
Single Family
5,166
Multi-Family
1,119
Businesses
282
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Listed by: Susan A Tillman • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1056125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.